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Dec 9, 2012
12/12
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clinton drastically lowered the capital gains tax and that was where most of the new revenues came. but in general, 50 nations around the world have reduced their tax rates since wealth and poverty was published. drastically reduce tax rates. most of eastern europe now has flat tax is. in all these countries, revenues have boomed. there hasn't been a big craze this is anime and estonia. this in a past and estonia with 12% flat tax. the fact is supply-side economics is booming around the world. it's only in the united states that soul-searching and from this economics of enterprise. >> what is your analysis of what is happening in what donald rumsfeld recalled old europe? >> old europe is fallen with the indulgent dilutions of the welfare state. they've all accepted dependence on a show i've government and bass have destroyed the value of their assets. when you destroy the value of your assets, ultimately the human beings who make your economy go our investments and creations of work after. when you'd appreciate this asset, reliability is become impossible. if you unleashed the asset
clinton drastically lowered the capital gains tax and that was where most of the new revenues came. but in general, 50 nations around the world have reduced their tax rates since wealth and poverty was published. drastically reduce tax rates. most of eastern europe now has flat tax is. in all these countries, revenues have boomed. there hasn't been a big craze this is anime and estonia. this in a past and estonia with 12% flat tax. the fact is supply-side economics is booming around the world....
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Dec 5, 2012
12/12
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bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on this third term that he has figured out a way to have. he's a publisher. he's a 15th richest guy -- most powerful guy on our list, one of the richest men in the world. >> and a quick thought on ilan musk -- we've heard his name but he doesn't get a lot of attention. why is he in the top 70? >> when you think about the entrepreneurial ethos that forbes tries to represent, the people, places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypal. here's a guy who's at the front of the tesla automobile. he's now moving cargo th
bill clinton, number 50. no hillary clinton or not list. way down at number 65, below the colombian drug deale erdealer, . boehner. boehner that low? >> it's remarkable. there is some subjectivity that goes with this but i think that's very interesting. the other folks that you mentioned. bloomberg fascinates me. >> bloomberg more power than bainer? really? >> i don't know about more power but think about the interesting position that bloomberg's in. he's got a year left on...
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Dec 6, 2012
12/12
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hillary clinton hillary clinton is holding surprise talks from russia's prime minister, amid reports president bashar al assad is considering using chemical weapons against his own people. >> afghan president hamid karzai sharply criticizes the united states in an interview with nbc news. he partly blames the u.s. for the instability in his country. >> part of the insecurity comes from the structures that nato and america created in afghanistan. the private security firms, the contractors that they promoted at the cost of afghan people and the way they behaved with the afghan people and the anger that has caused in the afghan people and the resulting insecurity. >> so would you say you believe that some of these would be intentional insecurity brought by nato and the united states? >> it is a very strong perception that some of that insecurity is intentional, yes. >> president karzai also accuses the u.s. of history lating the strategic partnership agreement the country signed last spring and said afghanistan will not sign any new agreements until the u.s. respects afghan sovereignty
hillary clinton hillary clinton is holding surprise talks from russia's prime minister, amid reports president bashar al assad is considering using chemical weapons against his own people. >> afghan president hamid karzai sharply criticizes the united states in an interview with nbc news. he partly blames the u.s. for the instability in his country. >> part of the insecurity comes from the structures that nato and america created in afghanistan. the private security firms, the...
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president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually with president obama particularly on the notion of fairnesses. you know, you talk to economistses. should we really be raising taxes now? no. hour hour tax increases, we're going to lose the deductions -- >> probably shouldn't be cutting that much. the economy is like in a very weird state right now, kind of like i think the notion is to grow it now, you know? and, you know, this guy doesn't see that. he sees raising taxes not as an economic efficiency so to speak, but as you know, you don't get a lot of tax revenues out of that,
president clinton did listen to him. and i'll tell you, i talked to bob rubin about that anecdote where clinton says you tell me a bunch of bond traders control the economy -- i'm paraphrasing -- and rubin said, yes, i am. i asked him about that once a couple years ago, and he said it was true. it wasn't as dramatic woodward made it out to be, but it did has happen. but you didn't get that out of geithner. you kind of don't think you'll get that out of lew. he's very much aligned intellectually...
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Dec 10, 2012
12/12
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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Dec 7, 2012
12/12
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four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. listen. washington's got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the pretty about such a plan. >> speaker, you did speak with the pretsident earlier this wee. can you talk about that call? also we understand that he's making clear that it's got to be increasing rates for the wealthy or no deal
four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would...
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do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democratic convention. >> a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. tha
do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i...
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Dec 10, 2012
12/12
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FBC
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later they will really ever do it, given that they never have -- not in the reagan era, not in the clinton era? >> yep. very good point, my friend. i think you hit the nail on the held, because what i'm hearing is that they may say we'll set targets, we'll have a specific target for tax reform, for entitlement reform, and by god, if we don't hit that target by summer, we'll have a sequester. i mean, how many times are we going to hear this before the credit rating agencies say enough is enough? dennis: now, you're thinking maybe there's a chance, greg, that they do something up front now regarding social security cola adjustments, cost of living, so you change the formula to pay out less as well as medicare sometimes adjusted for the wealthy to give them less or make them pay more? >> yeah. i can't see the republicans agreeing to higher tax rates. let's say we go up to 38%. i don't think we're going to 39.6. but for the republicans to agree to 38, they've got to get something in return. so, yeah, i keep a couple -- i think a couple specific entitlement reforms. the promise is much more nex
later they will really ever do it, given that they never have -- not in the reagan era, not in the clinton era? >> yep. very good point, my friend. i think you hit the nail on the held, because what i'm hearing is that they may say we'll set targets, we'll have a specific target for tax reform, for entitlement reform, and by god, if we don't hit that target by summer, we'll have a sequester. i mean, how many times are we going to hear this before the credit rating agencies say enough is...
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executive at morgan stanley in a very big democratic operative, a senioo executive, then to be hillary clinton's number two of secretary of state, and rumored, rumor, it's in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jack's job as the chief of staff. interesting meeting. this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are about keeping people, i think, in line. we should point out that larry fink is on the treasury secretary short list. you know, i think this is jack lew's to lose, so to speak. that's what people say on wall street. if he's well in the budget negotiations, meaning, you know, basically, jamming most of the president's proposals down the republicans' throat, looks
executive at morgan stanley in a very big democratic operative, a senioo executive, then to be hillary clinton's number two of secretary of state, and rumored, rumor, it's in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jack's job as the chief of staff. interesting meeting. this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and...
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Dec 3, 2012
12/12
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CURRENT
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he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy. more jobs and growth will help the deficit. recall the '90s when the clinton administration balanced the budget because of faster job growth than anybody expected bringing in more tax revenues than anyone had forecast. europe offers the same lesson in reverse. thank you. as jim says, every time we talk about this, they keep taking the wrong -- lindsey graham said we're going to be greece. yeah, if we do what you want! the best way to generate jobs and growth is for the government to spend more, not less. and for taxes to stay lor owe become lower on the m
he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy....
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Dec 10, 2012
12/12
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why don't we raise the taxes on the top 2% back to clinton-era. >> stephanie: amy in illinois. hello, amy. >> hi, i love you guys. >> stephanie: i love you back. >> caller: my daughter's been doing her own little political protest. she was in the fourth grade. she refuses to say the pledge of allegiance so there's -- until there's equal rights are for marriage for everybody because she says she can't say liberty and justice for all if it isn't true. >> stephanie: oh! children are the future. >> that's totes adorns. ♪ i believe that children are our future ♪ >> stephanie: let's go to joe in pittsburgh. you're on "the stephanie miller show." hi joe. >> caller: actually, jesus did say gay is okay but in order to understand that, you have to understand the language of the times he was speaking. >> ancient -- >> gay people throughout the bible were referred to as natural-born eunicks. jesus identified three different. natural born, those by other men and those who made themselves for the kingdom of heaven's sakes. now, matthew 19 is often quoted -- >> stephanie: i thought unic m
why don't we raise the taxes on the top 2% back to clinton-era. >> stephanie: amy in illinois. hello, amy. >> hi, i love you guys. >> stephanie: i love you back. >> caller: my daughter's been doing her own little political protest. she was in the fourth grade. she refuses to say the pledge of allegiance so there's -- until there's equal rights are for marriage for everybody because she says she can't say liberty and justice for all if it isn't true. >> stephanie:...